What is CBDC?

CBDC is a digital form of national currency issued and regulated by a country's central bank

CBDCs combine the benefits of digital technology with the stability and trust associated with traditional fiat currencies

Central banks are exploring CBDCs to boost financial inclusion and improve traditional payment systems

CBDCs are being introduced to provide secure and efficient digital payment options for businesses

They operate on distributed ledger technology (DLT) or blockchain, enabling secure recording and verification of transactions

There are two main types of CBDCs: Retail CBDC, accessible to the general public, and Wholesale CBDCs, restricted to financial institutions for interbank settlements.